Alesia Lee Pinney - 14 Jun 2021 Form 4 Insider Report for AVALARA, INC.

Role
Executive Vice President, Chief Legal Officer, and Secretary
Signature
/s/ Miles Treakle, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
14 Jun 2021
Net transactions value
-$961,173
Form type
4
Filing time
15 Jun 2021, 18:02:28 UTC
Next filing
07 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVLR Common Stock Options Exercise $65,629 +4,742 +12% $13.84 44,334 14 Jun 2021 Direct
transaction AVLR Common Stock Options Exercise $30,926 +1,863 +4.2% $16.60 46,197 14 Jun 2021 Direct
transaction AVLR Common Stock Options Exercise $36,818 +926 +2% $39.76 47,123 14 Jun 2021 Direct
transaction AVLR Common Stock Options Exercise $32,626 +485 +1% $67.27 47,608 14 Jun 2021 Direct
transaction AVLR Common Stock Sale $458,360 -3,274 -6.9% $140.00 44,334 14 Jun 2021 Direct F1
transaction AVLR Common Stock Sale $668,812 -4,742 -11% $141.04 39,592 14 Jun 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVLR Stock Option (right to buy) Options Exercise $0 -4,742 -100% $0.000000* 0 14 Jun 2021 Common Stock 4,742 $13.84 Direct F3
transaction AVLR Stock Option (right to buy) Options Exercise $0 -1,863 -15% $0.000000 10,249 14 Jun 2021 Common Stock 1,863 $16.60 Direct F4
transaction AVLR Stock Option (right to buy) Options Exercise $0 -926 -8% $0.000000 10,649 14 Jun 2021 Common Stock 926 $39.76 Direct F5
transaction AVLR Stock Option (right to buy) Options Exercise $0 -485 -5.7% $0.000000 7,999 14 Jun 2021 Common Stock 485 $67.27 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 11, 2020.
F2 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $140.971 to $141.05, inclusive. Upon request by the Issuer, any security holder thereof, or the staff of the Securities and Exchange Commission, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range.
F3 25% of the total shares subject to the option vested and became exercisable on January 1, 2018, and 1/48th of the total shares subject to the option vested and became exercisable monthly thereafter such that the option was fully vested and exercisable on January 1, 2021.
F4 25% of the total shares subject to the option vested and became exercisable on January 1, 2019, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on January 1, 2022.
F5 25% of the total shares subject to the option vested and became exercisable on January 1, 2020, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on January 1, 2023.
F6 25% of the total shares subject to the option vested and became exercisable on March 5, 2021, and 1/48th of the total shares subject to the option vest and become exercisable monthly thereafter such that the option is fully vested and exercisable on March 5, 2024.

Remarks:

Executive Vice President, Chief Legal Officer, and Secretary